Where to store house deeds

Any tips on where to store house deeds when mortgage is paid off. Is it worth leaving mortgage with small amount outstanding so bank has to continue to store deeds? Mortgage type is an off-set saver. What have you done with yours pls?!

17 Comments

I'll let you know in about 30 odd years!

thought deeds were held electronically now? Unless i misheard

My parents have their deeds held by their slicitor for them, I think it cost about £20 to store them

Original Poster

I think they are but only for house purchases in last 5 years. We moved 12 years ago.

Original Poster

kidcat;8086197

My parents have their deeds held by their slicitor for them, I think it … My parents have their deeds held by their slicitor for them, I think it cost about £20 to store them



Is that per year?

Original Poster

zdog;8086207

Is that per year?

i purchased a house last august and i actually have the deeds to my house myself

In the loft!

my parents are at solicitors as well, if you ring they will probs give you better info

Mine are in the filing cabinet/desk affair that this computer is sitting on.

Banned

if its an offset mortgage why not leave a few quid on it and a few quid in the other account, makes it free then

zdog;8086207

Is that per year?



That was a one off charge, although if they remove them and want to put them back into store then they have to pay again. Which seems fair.

solicitors will not normally take them unless they are executors for the wills.
Banks will often have a service for them at low cost but if you buy a fire proof box you could keep them at home.
You can leave them with the BS if you keep a balance on the mortgage, probably the cheapest way

Why dont you spend £100 for a fire proof safe bolted to wall in the loft ??

Rather than paying someone else each year who may put the prices up..?? Plus you have it for any other items too..

Thats what i would do.

Rick

My friends keep their deeds in a fire/water proof box in the house. As RickT says, it's an alternative to paying someone else to store them.

They are really not as important as they used to be. The land registry has everything on file, and most home insurance policies cover the cost of reconstructing them in the event of disaster. Don't worry. They are interesting, but no longer essential.

Original Poster

Thanks for all your coments guys
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